Landscape Capital Management L.L.C. purchased a new position in shares of New York Times Co (NYSE:NYT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 29,365 shares of the company’s stock, valued at approximately $958,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in New York Times in the fourth quarter valued at $15,798,000. Geode Capital Management LLC boosted its holdings in New York Times by 10.4% in the fourth quarter. Geode Capital Management LLC now owns 1,460,582 shares of the company’s stock valued at $32,556,000 after purchasing an additional 137,746 shares during the period. Louisiana State Employees Retirement System boosted its holdings in New York Times by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 38,000 shares of the company’s stock valued at $1,248,000 after purchasing an additional 500 shares during the period. Retirement Systems of Alabama boosted its holdings in New York Times by 1.1% in the first quarter. Retirement Systems of Alabama now owns 184,845 shares of the company’s stock valued at $6,072,000 after purchasing an additional 1,940 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in New York Times in the first quarter valued at $95,000. 93.94% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on the company. ValuEngine lowered New York Times from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded New York Times from a “hold” rating to a “strong-buy” rating and set a $39.00 target price for the company in a report on Monday, May 13th. Finally, Evercore ISI set a $38.00 target price on New York Times and gave the company a “buy” rating in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $33.60.
NYSE NYT traded up $0.22 during trading on Friday, reaching $28.17. 1,715,800 shares of the company’s stock were exchanged, compared to its average volume of 2,197,845. The stock has a market cap of $4.61 billion, a P/E ratio of 34.78 and a beta of 1.12. The company has a 50 day moving average price of $33.62 and a two-hundred day moving average price of $33.06. New York Times Co has a 1 year low of $21.34 and a 1 year high of $36.25.
New York Times (NYSE:NYT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The company had revenue of $436.30 million during the quarter, compared to the consensus estimate of $439.20 million. New York Times had a return on equity of 13.40% and a net margin of 7.55%. New York Times’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.17 EPS. As a group, research analysts anticipate that New York Times Co will post 0.81 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Wednesday, July 10th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Tuesday, July 9th. New York Times’s dividend payout ratio (DPR) is 24.69%.
About New York Times
The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. The company offers The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com Website.
Read More: What Is An Exchange-Traded Fund (ETF)?
Receive News & Ratings for New York Times Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Times and related companies with MarketBeat.com's FREE daily email newsletter.